India: IF rebar prices fall further as demand weakens

The IF rebar market witnessed limited buying enquiries today. Prices fell in the range of INR 100-1,200/t, d-o-d, at major locations. In parts of west and south India, manufacturers preferred to keep offers stable owing to adequate bookings, while in other markets limited demand on high prices, need for maintaining parity with other competitive markets, and low order bookings forced sellers to reduce offers.


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